Business Intelligence

Saving And Growth In Egypt

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Executive Summary

This paper illustrates the mechanisms linking national saving and economic growth, with the purpose of understanding the possibilities and limits of a saving-based growth agenda in the context of the Egyptian economy. This is done through a simple theoretical model, calibrated to fit the Egyptian economy, and simulated to explore different potential scenarios. The main conclusion is that if the Egyptian economy does not experience progress in productivity - stemming from technological innovation, improved public management, and private-sector reforms - then a high rate of economic growth is not feasible at current rates of national saving and would require a saving effort that is highly unrealistic.

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